Raleigh, NC. . . Frances Roberts has been named assistant vice president for loan operations at North State Bank, announced Walter G. "Gerry" Rogers, senior vice president and chief credit officer for the Bank.
"We are pleased to have Frances move into this new role," said Rogers. "She has demonstrated great ability in this area of our operations and we look forward to having her experience working for our customers in a greater capacity."
Roberts joined North State in 2001 as a loan operations specialist. Prior to that, she worked in the financial industry as a banking officer in commercial loan operations. She holds a Bachelor of Arts degree from Eastern Carolina University. A native of Whiteville, NC, Roberts and her husband, Steven, currently reside in Raleigh.
Founded in 2000, North State Bank is a full-service community bank, currently serving Wake County through four offices: full-service offices on Falls of Neuse Road in Raleigh, Blue Ridge Road in West Raleigh, Highway 70 West in Garner, and a loan production office at Wakefield Corporate Center in Wake Forest, NC. It is anticipated that the Bank's new headquarters and banking office will open near the beginning of March 2005 at the new North Hills on Six Forks Road in Raleigh, NC. North State Bancorp ended 2004 with $309.4 million in assets.
North State Bancorp is listed on the OTC electronic bulletin board under the symbol "NSBC."
www.northstatebank.com
The information as of and for the quarter and year ended December 31, 2004, as presented is unaudited. This news release contains forward-looking statements. The actual results might differ materially from those projected in the forward-looking statements for various reasons, including our ability to manage growth, our limited operating history, substantial changes in financial markets, regulatory changes, changes in interest rates, loss of deposits and loan demand to other savings and financial institutions, and changes in real estate values and the real estate market. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's SEC filings, including its periodic reports under the Securities Exchange Act of 1934, as amended, copies of which are available upon request from the Company.
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